News
Recent analysis of Vermont Housing Finance Agency (VHFA) home loan data shows delinquency and foreclosure rates of VHFA mortgages were considerably lower than rates for Vermont and the nation. As of June 30, 2010, VHFA home loans that were delinquent by 90 or more days were just 0.94 percent of all the Agency's outstanding loans. Vermont's rate was more than twice as high: 2.05 percent.
The following statement is being issued today by Vermont Attorney General William H Sorrell and the Mortgage Foreclosure Multistate Group:
"It has recently come to light that a number of mortgage loan servicers have
submitted affidavits or signed other documents in support of either a
judicial or non-judicial foreclosure that appear to have procedural defects.
Monday was the start of National School Lunch week and there was something to celebrate at Summit Street School in Essex Junction - a new milk contract that will provide 135 Vermont schools with milk that supports the health of our children, local farms and the environment.
The Bennington Area Chamber of Commerce is teaming up with Efficiency Vermont to implement a new program to help small businesses save energy and money, the Business Energy Ambassadors program.
Berkshire Hills Bancorp, Inc (Nasdaq: BHLB), and Rome Bancorp, Inc (Nasdaq: ROME) announced today that they have signed a definitive merger agreement under which Berkshire will acquire Rome and its subsidiary, The Rome Savings Bank, in a transaction valued at approximately $74 million.
The new headquarters building of the National Center for Post-Traumatic Stress Disorder was officially opened today on the campus of the VA Medical Center at White River Junction.
The Jay Peak ski resort has been ordered to restore wetlands and streams that were harmed when the resort discharged dredged and fill material into the waters during construction of its golf course in violation of the federal Clean Water Act. Jay Peak has agreed to the terms of EPA’s order and recently completed all restoration work prior to the order’s October 2010 deadline.
Law Offices of Howard G. Smith, representing investors of Green Mountain Coffee Roasters Inc, has filed a class action lawsuit in United States District Court on behalf of a class consisting of all persons or entities who purchased the securities of Green Mountain between July 28, 2010 and September 29, 2010, inclusive.
Draker Laboratories, a provider of turnkey monitoring systems for commercial photovoltaic (PV) systems in Burlington, has been selected by Premier Power Renewable Energy, Inc.
Last Friday, October 8, Vermont Yankee announced that a water sample from rock fissures beneath the plant tested positive for tritium at an amount of 1,040 picocuries per liter.
The US Energy Information Administration (EIA) is scheduled to release its winter fuel outlook in Washington, DC, on October 13, 2010.While the EIA's survey provides an overview for the country, it does not provide specific details of what’s happening in Vermont. For instance, the last EIA update in July suggested that oil would be over $3 a gallon heading into winter, which is not the case.
Based on analysis by e-forecasting.com, US monthly GDP estimates, it appears that the third quarter shows a strong slowdown in growth down to just 1 percent, after an increase of 1.7 percent in the second quarter.